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129 hedge funds and large institutions have $822M invested in Nelnet in 2020 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 20 increasing their positions, 62 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 13

25% more capital invested

Capital invested by funds: $659M → $822M (+$162M)

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

8% more funds holding

Funds holding: 120129 (+9)

0.87% more ownership

Funds ownership: 49.41%50.29% (+0.87%)

68% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 62

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $229K

Holders
129
Holders Change
+9
Holders Change %
+7.5%
% of All Funds
2.6%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.12%
New
22
Increased
20
Reduced
62
Closed
13
Calls
Puts
$229K
Net Calls
-$229K
Net Calls Change
-$1.96M
Name Holding Trade Value Shares
Change
Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$137M -$4.16M -68,013 -3%
MG
2
Magnolia Group
Nebraska
$95M +$3.29M +53,752 +4%
Vanguard Group
3
Vanguard Group
Pennsylvania
$92M -$8.83M -144,250 -9%
FMII
4
Farmers & Merchants Investments Inc
Nebraska
$91.6M -$262K -4,287 -0.3%
BlackRock
5
BlackRock
New York
$72.5M -$4.41M -72,000 -6%
JG
6
Jefferies Group
New York
$28.2M +$28.7M +468,833 New
Northern Trust
7
Northern Trust
Illinois
$26.7M -$1.02M -16,604 -4%
ECP
8
Empyrean Capital Partners
California
$24.1M +$24.5M +400,000 New
State Street
9
State Street
Massachusetts
$22.2M -$671K -10,972 -3%
Norges Bank
10
Norges Bank
Norway
$20.5M -$2.94M -48,097 -12%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$19.6M -$842K -13,753 -4%
SA
12
Sycale Advisors
New York
$15M -$17.1M -279,383 -53%
GAI
13
General American Investors
New York
$14.7M -$3.46M -56,585 -19%
JP Morgan Chase
14
JP Morgan Chase
New York
$13.1M +$876K +14,312 +7%
Boston Partners
15
Boston Partners
Massachusetts
$13M -$7.24M -118,325 -35%
Charles Schwab
16
Charles Schwab
California
$11.4M -$366K -5,975 -3%
TLCM
17
Tiger Legatus Capital Management
New York
$7.28M +$7.4M +120,900 New
Bank of New York Mellon
18
Bank of New York Mellon
New York
$7.27M -$464K -7,578 -6%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$7.27M +$289K +4,715 +4%
EFM
20
Ennismore Fund Management
United Kingdom
$7.26M -$819K -13,392 -10%
Prudential Financial
21
Prudential Financial
New Jersey
$6.55M -$2.6M -42,487 -28%
N
22
Nuveen
North Carolina
$4.89M +$174K +2,848 +4%
BGIM
23
Brandywine Global Investment Management
Pennsylvania
$4.29M -$192K -3,130 -4%
AllianceBernstein
24
AllianceBernstein
Tennessee
$4.09M -$584K -9,537 -12%
AL
25
AJO LP
Pennsylvania
$3.54M +$3.17M +51,778 +746%

NNI Hedge Fund Activity: Q3 2020 in Review

129 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nelnet (NNI) for Q3 2020, worth a combined $822M — up 25% from $659M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NNI positions and 13 closed out — a net gain of 9 holders — while 20 added to existing stakes and 62 trimmed.

The largest buyer was Jefferies Group, opening a new position worth an estimated $28.7M. The largest seller was Sycale Advisors, cutting an estimated $17.1M.

  • 129 institutional investors held Nelnet (NNI) as of Q3 2020, up from 120 in Q2 2020.
  • Funds reported $822M of Nelnet stock for Q3 2020, up 25% quarter-over-quarter.
  • 22 funds opened new Nelnet positions in Q3 2020 and 13 closed out, a net change of +9 holders.
  • The largest Nelnet buyer in Q3 2020 was Jefferies Group, an estimated $28.7M added.
  • The largest Nelnet seller in Q3 2020 was Sycale Advisors, an estimated $17.1M sold.

Based on aggregated 13F filings for Q3 2020.